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Nov 9, 2012
11/12
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our senior economics reporter, steve liesman, and our own rick santelli. john, it is clear that the fiscal cliff has wall street's full attention right now. do you expect a -- something to happen by december 31 or not? >> we expect something is going to happen. what that's going to be, we don't have the clarity we're expecting just yet. i think it's simple math. everybody knows what has to be done. obviously, we've had many, many studies over the course of the last few years that tell us what has to be done. so it is math. it's just about them getting in a room and hammering out the details. so we obviously need some revenue and some cuts across the board. i think it's how those are going play out in terms of what portion and how much is going to be what the market's really keying on. i think $4 trillion is basically the number that's kind of out there. i think if it comes in higher than that, it's going to be positive. if it doesn't, it's going to be a negative. >> so steve liesman, what do you think this tells us about compromise? over the last couple of
our senior economics reporter, steve liesman, and our own rick santelli. john, it is clear that the fiscal cliff has wall street's full attention right now. do you expect a -- something to happen by december 31 or not? >> we expect something is going to happen. what that's going to be, we don't have the clarity we're expecting just yet. i think it's simple math. everybody knows what has to be done. obviously, we've had many, many studies over the course of the last few years that tell us...
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Nov 15, 2012
11/12
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andrew ross sorkin and steve liesman. joe is out sick. we hope he's feeling better. futures are rebounding a bit. stocks finished near session lows yesterday, down 185 points at the end of the day. all the major s&p sectors closed in negative territory. nasdaq and russell 2,000 are now down more than 10% since the highs they reached back this mid september. the green arrows will be welcome to the bulls today. also, the ceo of mellon will be joining us to talk about the markets. as we've been talking about, the biggest issue for the markets right now seems to be the uncertainty surrounding the fiscal cliff. yesterday business leaders urged president obama and lawmakers to prevent a year end across board tax rise that will go into act unless congress acts. >> he understands it requires a combination of tax increases and title refor and discretionary spending cuts that dnl democrats and republicans have to work together. i'm is sure there will be a lot of forth and back between republicans and democrats, the congress and the president as they start to work their way to
andrew ross sorkin and steve liesman. joe is out sick. we hope he's feeling better. futures are rebounding a bit. stocks finished near session lows yesterday, down 185 points at the end of the day. all the major s&p sectors closed in negative territory. nasdaq and russell 2,000 are now down more than 10% since the highs they reached back this mid september. the green arrows will be welcome to the bulls today. also, the ceo of mellon will be joining us to talk about the markets. as we've...
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Nov 6, 2012
11/12
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cnbc's senior economics reporter steve liesman is going to dig down on how jobs in the crucial swing states may impact today's vote. >>> plus, matt chess love right over there, waiting in the wings, going to join me with a look what the the markets may do tomorrow based on what's happening tonight, with the dow jones industrial average up 150 points you can the s & p up almost a full percent. the nasdaq up a half a percent. back in a minute. up. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's
cnbc's senior economics reporter steve liesman is going to dig down on how jobs in the crucial swing states may impact today's vote. >>> plus, matt chess love right over there, waiting in the wings, going to join me with a look what the the markets may do tomorrow based on what's happening tonight, with the dow jones industrial average up 150 points you can the s & p up almost a full percent. the nasdaq up a half a percent. back in a minute. up. a short word that's a tall order. up...
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Nov 26, 2012
11/12
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the overridie inine ining gdp i sandy but the fiscal cliff. >> steve liesman. online retailers stacking up the deal offerings on this cyber-monday. still ahead, ceo of home shopping network gives us a read on traffic that company has been seeing thus far. plus, tyler and cameron winklevoss headed to post 9. we're back in two. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. it's another reason more investors are saying... music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors
the overridie inine ining gdp i sandy but the fiscal cliff. >> steve liesman. online retailers stacking up the deal offerings on this cyber-monday. still ahead, ceo of home shopping network gives us a read on traffic that company has been seeing thus far. plus, tyler and cameron winklevoss headed to post 9. we're back in two. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on...
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Nov 29, 2012
11/12
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. >> want to get to steve liesman who's got some great news. >> jim, i agree with you from day one, they said it was a $50 billion event, we have done some recording, we're showing it $70 billion to $90 billion. but hurricane sandy is not expected to derail the company's economy. the damage from sandy was worse than first anticipated. there's 75,000 jobs lost in new jersey and new york. and the $1.4 billion economy is -- in the quarters ahead, in the fourth quart, he sees a quarter to a half point hit to national gdp directly related to the effects of sandy. talking about the national economy, the bright spots include housing and consumer spending, the negatives include business investment along with weak manufacturing. the congress and the administration must address the fiscal cliff. any plan to reduce the deficit should quote start small and then grow very substantially over time. so dudley basically agreeing with the take that sandy is a bigger event, and then you want to add on top of that dudley's concerns about the fiscal cliff coming our way. >> what does this mean for the retail
. >> want to get to steve liesman who's got some great news. >> jim, i agree with you from day one, they said it was a $50 billion event, we have done some recording, we're showing it $70 billion to $90 billion. but hurricane sandy is not expected to derail the company's economy. the damage from sandy was worse than first anticipated. there's 75,000 jobs lost in new jersey and new york. and the $1.4 billion economy is -- in the quarters ahead, in the fourth quart, he sees a quarter...
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Nov 6, 2012
11/12
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who better to ask than our senior economics reporter steve liesman. i look for a definitive answer on this one. >> i wish i could give it to you. the reason it's not definitive is two-fold. there's a rate issue and there's a change issue. let's talk about that. president obama is the fifth president in the postwar era to face the electorate with plus 7% unemployment rate and highest of all here at 7.9%. the other four, ford, carter, reagan and bush, only one of them, ronald reagan, won re-election. why? because perhaps the change. obviously president reagan had strong growth in the four quarters leading up to his election. he had a 1.4 percentage point decline in the unemployment rate in the one year prior. 18-point margin in victory here. look at president obama. he has a one percentage point decline in unemployment rate in 12 months prior and we don't know what will happen. if you just get question marks in, we wait to see what margin plus or minus of his victory. we did a poll and asked people who are unemployed how are you going to vote in the ele
who better to ask than our senior economics reporter steve liesman. i look for a definitive answer on this one. >> i wish i could give it to you. the reason it's not definitive is two-fold. there's a rate issue and there's a change issue. let's talk about that. president obama is the fifth president in the postwar era to face the electorate with plus 7% unemployment rate and highest of all here at 7.9%. the other four, ford, carter, reagan and bush, only one of them, ronald reagan, won...
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Nov 5, 2012
11/12
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. >>> let's talk jobs and the economy, steve liesman is with us with the latest about what economists are saying about last week's jobs report and more importantly hurricane sandy. which one is more important? >> they're equally important. what we saw was the economy continuing to improve in october going into sandy but right now what's happening is they're bracing for the effects of sandy. let's think about what some folks have said, sandy eliminates any doubt, if there was any that the fed would exteex extend its assets into the first quarter. morgan stanley is saying that it may lower its gdp forecast, which is already low at 1% for the fourth quart and first quarter of 2013 from 1% down. they counted it up. most economists see economic improvement into october. macro advisers raising its third quarter tracking forecast from not 2% anymore, 2.5% not that great but something to write home about maybe, it is maintaining the 1.25% note number for the fourth quarter. ubs taking its first crack at 2014 gdp and saying it may get up to all the way to 3%. they're a little bit ahead of the
. >>> let's talk jobs and the economy, steve liesman is with us with the latest about what economists are saying about last week's jobs report and more importantly hurricane sandy. which one is more important? >> they're equally important. what we saw was the economy continuing to improve in october going into sandy but right now what's happening is they're bracing for the effects of sandy. let's think about what some folks have said, sandy eliminates any doubt, if there was any...